Skip to main content

Another Dismal Week for Mortgage Rates

Phil Hall
Aug 18, 2016
stagnant

A sense of stagnancy continued to permeate the mortgage rates environment, according to Freddie Mac’s latest Primary Mortgage Market Survey.

The 30-year fixed-rate mortgage (FRM) averaged 3.43 percent for the week ending August 18, down from last week when it averaged 3.45 percent, while the 15-year FRM this week averaged 2.74 percent, down from last week when it averaged 2.76 percent. There was a smidgen of good news with the 5-year Treasury-indexed hybrid adjustable-rate mortgage: it averaged 2.76 percent this week, up from last week when it averaged 2.74 percent.

“For eight consecutive weeks mortgage rates have ranged between 3.41 and 3.48 percent,” said Sean Becketti, chief economist at Freddie Mac. “Inflation is not adding any upward pressure on interest rates as the Bureau of Labor Statistics reported that the Consumer Price Index was unchanged in July.”

Published
Aug 18, 2016
FormFree Enters Deal To Offer Products to Lenders One Members

Mortgage Cooperative Hopes Automated Borrower Verification Tools Will Enhance Customer Experience

Industry News
Aug 03, 2021
AHP Servicing Names Charles Halko Jr. CFO

Brings 30-Years Of Experience to Chicago-Based Servicer

Industry News
Aug 03, 2021
Ready Capital Announces Deal To Acquire Red Stone

Real Estate Finance Company Expands In Multi-Family Affordable Housing Sector

Industry News
Aug 03, 2021
Anchor Loans Hires Andrew Jewett As SVP, Enterprise Sales

Formerly lead lending at Sundae Inc.

Industry News
Aug 02, 2021
Pretium Adds 3 Execs With Residential Credit Expertise

New Hires Will Serve As Managing Directors

Industry News
Aug 02, 2021
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021